Sidman Products's common stock currently sells for $$59$ a share. The firm is expected to earn $$7\mathrm{.}08$ per share this year and to pay a year$-$end dividend of $$2\mathrm{.}70,$ and it finances only with common equity.

If investors require a $12\%$ return, what is the expected growth rate? Round your answer to two decimal places. Do not round your intermediate calculations.

$\%$

If Sidman reinvests retained earnings in projects whose average return is equal to the stock's expected rate of return, what will be next year's EPS? $($Hint: g $=(1$ Payout ratio$)$ROE$).$ Round your answer to the nearest cent. Do not round your intermediate calculations.

$

per share